March 24, 2005
Tearin' Down the House
"If you had a problem with the kitchen sink, you wouldn't tear down the entire house. So why dismantle the Social Security system with private accounts when it can be fixed with moderate changes?
Social Security reform is necessary, but diverting money into private accounts is just too drastic, too expensive and way too risky. The fact is they can add up to two trillion dollars and more debt to set up and even worse, will lead to huge benefit cuts. Plus if the stock market falls right before you retire, there's very little safety net.
Let's not turn Social Security into Social Insecurity."
It's not rocket science; how does taking money out of Social Security strengthen it? Tearing down the house is exactly what privatization will do by weakening and eventually destroying the most successful social insurance program in history.
You can check out the AARP ad here.
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Wonky Muse is the other Filipino American female political blogger. The sane, liberal one.
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